Outcome of Board Meeting

Ref No: 08/SE/CS/SEP/2026-27 Date: September 23, 2026 Listing Department L i s t i n g & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E), Mumbai- 400051 BSE Scrip Code: 544020 NSE Symbol: ESAFSFB Dear Sir / Madam, Sub: Disclosure under Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting held on Wednesday, September 23, 2026 In continuation of our intimation dated September 17, 2026, and pursuant to Regulations 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform that the Board of Directors of the Bank, at its meeting held on Wednesday, September 23, 2026, inter alia, considered and approved the proposal for raising Tier II Capital through the private placement of Unsecured, Redeemable, Non-Convertible Debentures (“NCDs”) aggregating up to ₹500 Crores (Rupees Five Hundred Crores only), in one or more tranches, up to the conclusion of the next Annual General Meeting of the Bank. The proposed issuance shall be within the overall borrowing limit approved by the shareholders at the 10th Annual General Meeting held on August 14, 2026, and is in line with the Bank’s business plan for the Financial Year 2026-27. The Board further authorized the Management Committee of the Board to determine the terms and conditions of the issue, undertake all necessary actions in connection with the issuance of the NCDs on a private placement basis, and attend to all ancillary matters related thereto. The Board Meeting commenced at 02:00 P.M. and concluded at 05:00 P.M. You are requested to take note of the above. The above announcements are also being made available on the website of the Bank at https://www.esaf.bank.in/investor-relation/?id=disclosure-to-stock-exchanges. Requesting you to take the same into your records. Thanking you, Yours Faithfully For ESAF Small Finance Bank Limited Ranjith Raj. P Company Secretary and Compliance Officer Annexure A Details as required under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026. Issuer ESAF Small Finance Bank Limited Type of securities proposed to be Listed, Rated, Taxable, Unsecured, Transferable, issued (viz. equity shares, convertibles Redeemable, Fully Paid Up, Basel II Complaint etc.); Lower Tier II subordinated bonds in the form of Non-Convertible Debentures Type of issuance (further public Private Placement offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.); Total number of securities proposed to Amounting to ₹500 Crores (Rupees Five Hundred be issued or the total amount for which Crores Only) in one or more tranches the securities will be issued (approximately); Size of the issue; Amounting to ₹500 Crores (Rupees Five Hundred Crores Only) in one or more tranches Whether proposed to be listed? If yes, Yes, NCDs are proposed to be listed in the name of the stock exchange(s); Negotiated Trade Reporting Platform under New Debt Market (“NTRP”) of the National Stock Exchange of India Limited (“NSE”) or Wholesale Debt Market of BSE Limited Tenure of the instrument - date of The same shall be set out under the relevant allotment and date of maturity; Transaction Documents to be executed in relation to the Debentures. Coupon/interest offered, schedule of The same shall be set out under the relevant payment of coupon/interest and Transaction Documents to be executed in relation principal; to the Debentures. charge/security, if any, created over the The same shall be set out under the relevant assets; Transaction Documents to be executed in relation to the Debentures. Special right/interest/privileges The same shall be set out under the relevant attached to the instrument and Transaction Documents to be executed in relation changes thereof; to the Debentures. Delay in payment of interest / principal NA amount for a period of more than three months from the due date or default in payment of interest / principal; Details of any letter or comments NA regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any; Details of redemption of debentures; The same shall be set out under the relevant Transaction Documents to be executed in relation to the Debentures. Any cancellation or termination of Not Applicable proposal for issuance of securities including reasons thereof.